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UK's Lloyds to shift 1,000 insurance unit workers to TCS

No time frame for the move was given by the company to its employees

Reuters  |  London 

Lloyds Banking Group on Tuesday told about 1,000 staff in its insurance division that they will be moving to Diligenta, a subsidiary of India's Tata Consultancy Services, according to the Unite union. Unite said that the staff at Scottish Widows and Clerical Medical in Edinburgh and Bristol will be transferred to the new company. No time frame for the move was given. "The bank's 'sale' of its committed Scottish Widows and Clerical Medical staff represents contempt for long-serving and skilled employees," Rob MacGregor, a Unite national officer, said in a ...

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First Published: Tue, September 26 2017. 17:38 IST